Newly revealed documents show Saudi Arabia purchased advanced air defense systems from Russia, raising geopolitical concerns.
Russia has been exporting arms to countries including Saudi Arabia, bolstering its economy after a barrage of sanctions followed its full-scale invasion of Ukraine in 2022.
The leak reveals that Saudi Arabia agreed to pay Russia over 2 billion euros under a contract signed in 2021 involving companies that were repeatedly sanctioned, both before and after Russia’s full-scale invasion of Ukraine.
Trump in his first days in office has leaned in on the idea that OPEC+, the alliance of oil producing nations, holds the key to ending the war by reducing oil prices.
In fact, the Saudi Press Agency’s announcement that the kingdom would invest $600bn was based on the royal palace’s readout of a Wednesday phone call between Trump and Saudi Crown Prince Mohammed bin Salman. This is Trump’s first phone call with a foreign leader since his inauguration earlier this week.
The Kremlin on Friday said the Ukraine war is about Russia's national security and not about oil prices. This is after U.S. President, Donald Trump,
During a speech to the World Economic Forum on Thursday, President Donald Trump pressured the Saudi Crown Prince to increase his planned $600 billion investment in the U.S. "to a round $1 trillion" and to lower the global price of oil.
Saudi Energy Minister Prince Abdulaziz bin Salman held talks on Monday with his Iraqi and Libyan counterparts, Hayan Abdel-Ghani and Khalifa Abdulsadek, in Riyadh on efforts to support the stability of global energy markets,
President Trump held his first official call with a foreign leader since being sworn in for his second term with Saudi Crown Prince Mohammad Bin Salman, a controversial figure who Trump on
Saudi Foreign Minister Prince Faisal bin Farhan said on Friday from Damascus that his country was engaged in an active dialogue with Europe and the U.S. to help lift economic sanctions imposed on Syria.
Italy is in favour of Saudi Arabia joining the GCAP fighter jet programme, which currently involves Italy, Britain and Japan, Italian Prime Minister Giorgia Meloni said on Monday.
Russia and Saudi Arabia are by far the biggest producers ... faced an embarrassing setback months into the Ukraine war when the Saudis rejected the Democrat's public push to increase the global ...